Smart Economy or Changing Structures – Reasoning for Taking Responsibility in Policy Making

Authors : Peter HERRMANN

Pages : 1-25

View : 10 | Download : 4

Publication Date : 2010-12-01

Article Type : Research Paper

Abstract :The present text makes reference to recent debates - on the one hand the general debates on a wider understanding of economics as they are brought forward by economists as Sen, Stiglitz but as well by philosophers as Nussbaum and others; on the other hand debates as they arose in the context of the recent manifestation of the major global economic crisis. In many ways we find quests for a moral and virtue-based reorientation, and by making this claim we find a kind of Renaissance, for instance by references to Aristotle. The present text, going back to various recent research by the author, criticises such orientations, claiming that insert ignore into journalissuearticles values(a); in many cases the virtues are actually depending on a manifest exclusion of certain groups, being with this highly contradictory and this socially problematic and insert ignore into journalissuearticles values(b); and depending on a wider understanding of the context, thus going much beyond `values` - today`s reclaims lack the understanding of such wider understanding.
Keywords : economy, political economy, political economic crisis, moral economy, moral crisis, ancient economy